Blackstone and KKR are negotiating with Alphabet to provide their portfolio companies access to Google's artificial intelligence models, according to people familiar with the discussions.
The talks represent the latest wave of major financial firms seeking to integrate AI capabilities across their investments. Both private equity giants are exploring arrangements that would give their thousands of portfolio companies standardized access to Google's AI infrastructure and tools.
Google has increasingly pursued partnerships with large institutional investors and corporations seeking to deploy AI at scale. The potential deals underscore growing demand from enterprise customers for turnkey AI solutions rather than building capabilities in-house.
Blackstone and KKR manage combined assets exceeding $4 trillion, spanning real estate, technology, healthcare, and other sectors. Securing AI access for portfolio companies could streamline operations and create competitive advantages across their diverse holdings.
The discussions come as major cloud providers compete aggressively to become the default AI infrastructure partner for institutional investors. Amazon Web Services and Microsoft have similarly pursued partnerships with large asset managers to expand their AI footprint.
Terms and timing of any potential deals remain unclear.
Ericsson AB is relocating its global headquarters from Kista, a suburban tech hub, to central Stockholm after more than 20 years. The move signals a shift in the Swedish telecom giant's strategy and reflects broader changes in Europe's tech landscape.
Prime Minister Modi and Vietnamese leader Lam agreed to strengthen economic and defense partnerships. The move comes as both nations navigate regional tensions in the Middle East.
Huawei's clean energy division is scaling beyond China, positioning the telecom giant as a major player in the global energy transition. The $11 billion operation quietly built backbone infrastructure for renewable power systems worldwide.
OnePlus and parent company Oppo plan to announce the smartphone brand's withdrawal from US and European markets in the coming days, according to reports. The move concludes months of speculation about OnePlus's future.